Cryptocurrency Mining For Dummies, 2nd Edition
- 5h 46m
- Peter Kent, Tyler Bain
- John Wiley & Sons (US)
- 2022
Untangle the steps to mine crypto, including new coins and services
The cryptocurrency market moves quickly and miners and investors need the latest information to stay ahead of the game. This edition of Cryptocurrency Mining For Dummies has the insight you need to get started with mining. You'll learn what goes into building a mining rig that can complete cryptocurrency transactions and reap the rewards in the form of new coin. You also discover how to join existing mining programs. Whatever your crypto goals, Dummies will make it easy for you to understand, engage in, and invest in mining. You'll even get an up-to-date primer on the evolving legal situation and an idea of what to expect in the future of crypto.
- Understand the basics of mining cryptocurrency and get started with your own mining operation
- Explore the latest cryptocurrencies and mining services so you can mine your own or invest wisely
- Get involved in crypto mining with the hardware you already have, or build a new, powerful mining machine
- Become an expert on the latest mining trends so you can identify new ways to profit in the crypto space
With this book, you've got insider advice on choosing which cryptos to mine, riding out market fluctuations, creating pool accounts, and more. There's no time like the present to get started with crypto mining.
About the Author
Peter Kent and Tyler Bain (metro Denver, CO) return as authors of this updated edition. Peter created the Crypto Clear video course to assist would-be investors in understanding cryptocurrency. He is also author of SEO For Dumimes and serves as a corporate consultant and expert witness in technology litigation. Tyler is a professional electrical engineer who's both an active crypto miner and a tech consultant to mining firms. The duo also paired to create the fully rewritten 2nd Edition of Bitcoin For Dummies.
In this Book
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Introduction
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Cryptocurrency Explained
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Understanding Cryptocurrency Mining
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Building Blocks—The Transaction's Journey to the Blockchain
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Exploring the Different Forms of Mining
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The Evolution of Mining
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The Future of Cryptocurrency Mining
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Mining Made Simple—Finding a Pool and Preparing an Account
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Picking a Cryptocurrency to Mine
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Gathering Your Mining Gear
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Setting up Your Mining Hardware
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Running the Numbers—Is it Worth it?
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Reducing Negatives and Gaining an Edge
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Running Your Cryptocurrency Business
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Ten (or So) Tips for When the Market Dips
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Ten Ways to Boost Your Return on Investment
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Ten Types of Cryptocurrency Resources
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Ten Criticisms of Cryptocurrencies and Mining
